RBS taps into China’s investment market May 30, 2011 The Royal Bank of Scotland Group and its local Chinese partner launched their joint venture Huaying Securities yesterday, hoping to tap a piece of the booming investment banking business in the country. “From today, Huaying is licensed to underwrite and sponsor stocks and bonds issued in mainland China, tapping China’s huge and growing investment banking [...]
FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
FTSE has a rollercoaster day as US data undoes debt rally August 1, 2011 BRITAIN’S top share index shed 0.7 per cent yesterday after a rollercoaster session, with early strong gains on relief over a debt deal in Washington wiped out later by weak ISM data which threw the spotlight back on a faltering US economy. At the close, the FTSE 100 index was down 40.76 points, or 0.7 [...]
COOK SNUBS M&B BOARD FOR VILLAGE HOTELS LIFE January 31, 2012 MITCHELLS & BUTLERS offered him a “senior role” following his resignation as chief executive of hotel group Malmaison last September. But Robert Cook turned down the chance to help chairman Bob Ivell steer the FTSE 250 pub group into calmer waters to instead put the Village Hotels brand, part of the Lloyds Banking Group-backed De [...]
Samsonite falls on Hong Kong trading debut June 16, 2011 SAMSONITE International, the world’s biggest luggage maker, has dropped 7.6 per cent in its first day of Hong Kong trading, underscoring tepid investor appetite for initial public offerings as the markets struggle. Samsonite’s slump yesterday is the latest in a string of weak Hong Kong IPO performances as China’s strong growth shows signs of weakening. [...]
Aldermore says loans to SMEs have risen 75pc May 31, 2011 BRITISH bank Aldermore said its loan book to small and medium-sized enterprises (SMEs) was up 75 per cent to £469m at the end of the first-quarter. “Aldermore is continuing to lend at record levels to small businesses – our outstanding loan book to SMEs has increased 75 per cent over the last year – but [...]
Aldermore loan book up 75pc May 31, 2011 Finacial services company Aldermore said its loan book to small and medium-sized enterprises (SMEs) was up 75 per cent to £469m at the end of the first quarter. “Aldermore is continuing to lend at record levels to small businesses – our outstanding loan book to SMEs has increased 75 per cent over the last year [...]
FTSE drops sharply as banks suffer in wake of stress tests July 18, 2011 BRITAIN’S top shares fell sharply yesterday after the results of stress tests on European banks were met with disappointment over their credibility while investors were also fearful over the threat of a US default on the nation’s debt. The banking sector index sunk to a two-year low as money managers and traders cast doubts over [...]
FSA extends PPI mis-selling settlement time June 13, 2011 The City watchdog has extended the amount of time the banks have to settle claims for mis-selling payment protection insurance while Barclays has pledged to fully compensate thousands of customers. Barclays has committed to settle tens of thousands of outstanding claims over the scandal, putting pressure on rivals to follow suit. The Financial Services Authority [...]
CITY MOVES | WHO’S SWITCHING JOBS June 26, 2011 AXA Investment Managers The asset management company has appointed Lisa O’Connor as European head of consultant relations, reporting to Tim Gardener, global head of consultant relations, in the London office. In her new role, O’Connor will focus on developing AXA IM’s consultant relationships throughout the UK and Europe. O’Connor, who has more than 12 years’ [...]